Simple basic accounting

On January 1st you start your business with $100.000 in cash and you do the following transactions:
◦a.Buy a machine for $25.000 for which you pay $20.000 and the balance you should pay it in two years.Use straight depreciation for 80% of the value and a term of 5 years.
◦b.Hire 3 production employees with monthly salary of $2.000 each.
◦c.In January you buy 4.000 units of raw material for $40.000 pay half and the other half should be paid in May.In October you buy 4.000 units of raw material for $44.000 pay half and the other half should be paid in February.
d◦Each month you produce 400 units of products.In order to produce you use one unit of raw material.During the first 6 months of the year you sell 400 units.During the next 6 months you sell 350 units per month.The selling price is $700 and you give 30 days to your customers for them to pay.
◦e.In June you buy a one year insurance for your factory.The cost is $1.500.You pay the total amount. ◦g.You take a loan for $30.000 in February.For the first six months you pay only interests and after this time you start amortizing $1.000 per month.The interest rate is 1% per month.
◦f.You hired a secretary with a monthly salary of $1.500.And the rent of the facilities is $1.000 per month.

◦g.You take a loan for $30.000 in February.For the first six months you pay only interests and after this time you start amortizing $1.000 per month.The interest rate is 1% per month.

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